Rohit Jain Appointed as RBI Deputy Governor

Key facts

• Rohit Jain was appointed as Deputy Governor (DG) of the Reserve Bank of India (RBI) by the appointments committee of the cabinet.
• His appointment is for a period of three years from the date of joining on or after May 3, 2026.
• He replaced T Rabi Sankar, whose tenure ended on May 3, 2026, after receiving two extensions in 2024 and 2025.
• Jain had served as an Executive Director (ED) at the RBI since December 2020 and has spent about 30 years at the central bank, handling functions including banking supervision.
• Jain became one of the two deputy governors promoted from within the RBI, along with SC Murmu, while the other deputy governors include Poonam Gupta and Swaminathan J.